Long-term MU holder with a big position. Strong conviction the stock crosses $1,000, just can’t say exactly when. Could be by June earnings, could be after June earnings.
I am considering buying call options for the first time to add leverage. I have never traded options before so want to do this thoughtfully.
Given my “definitely $1,000, timing unknown” thesis:
1. Strike selection — Do I go closer to ATM for safety, or further OTM since I think it crosses $1,000 anyway?
2. Expiry — LEAPS (Jan 2027+) seem safer if I can’t pin timing, but they’re expensive. Worth it?
3. Earnings handling — Hold through June 24 print or sell before to avoid IV crush?
4. Sizing — Reasonable % of net worth for a first options trade?
5. What do first-time options buyers consistently get wrong?
Stock just had its best week since 2008. IV elevated. I’m aware I’m entering after a parabolic move.
Looking for the framework experienced options traders actually use when they have directional conviction but uncertain timing. Appreciate any genuine help.
Long-term MU shareholder, first time considering calls — framework advice?
byu/Okiedokie9x inoptions
Posted by Okiedokie9x